SilverDoge wrote:IOTA isn't a blockchain, it is a Tangle (DAG). QRL will be quantum resistant after MainNet launch (Q1 2018). Ideally NEO will also get there one day, but it will require a hard fork or conversion of all wallets (but the problem is you never get 100% of coin to migrate).

Alright, I'm up to this. But with the Crypto learning curve, I feel like I'm on American Ninja facing the wall with a little bit of a curve on the bottom then straight up for the next 14'. If I have any more questions after looking up DAG and QRL, I'll post it over on the Cryptonoob thread.

However, it sounds like you are saying if I own 1,000 NEO and they hard fork or convert wallets some/many/most of my NEO will fork over (lol, fork it over: https://www.youtube.com/watch?v=76G2rlXxf08) as quantum resistant and the rest will stay non-resistant continuing down the old fork. Is that correct?

"Those who can make you believe absurdities can make you commit atrocities" Voltaire

Brick's wrote:However, it sounds like you are saying if I own 1,000 NEO and they hard fork or convert wallets some/many/most of my NEO will fork over (lol, fork it over: https://www.youtube.com/watch?v=76G2rlXxf08) as quantum resistant and the rest will stay non-resistant continuing down the old fork. Is that correct?

Yes. If NEOQS is successfully implemented, it will mean that NEO has changed it signature scheme. Now anyone using the NEON wallets ought to be used to upgrading by now, but yes, it will require another upgrade, and likely a fork. This isn't a big issue for NEO based on the consensus algorithm and how NEO currently operates. It is a much bigger obstacle for bitcoin because the codebase is much more difficult to change (see the block size debacle from last year which gave us Bcash & "segwit2x). So NEO won't have nearly as tough of a time as bitcoin will have upgrading.

Now even if you and 95% of the other NEO holders upgrade that doesn't mean everything is good to go. Because the 5% (or whatever number it is) that didn't upgrade to NEOQS will still be at risk. So if a quantum hacker can steal 5% of the coin supply that has a very large negative effect on the other 95%. At that point NEO would have to choose to either let that hacker keep his ill gotten gains, or do yet another fork (similar to what NEM is going through right now after their $500 million hack on CoinCheck). So if there is a coin that is 100% quantum secure and won't need to worry about this threat, then there is value in that - especially as every other crypto will have these same concerns. I like NEO a lot but I also like diversification and hedging my DBETs.

Do you have to do anything special before downloading the most recent NEON wallet or just DL and it automatically moves your NEO to the newest version wallet? I've never had to update a wallet before and want to make sure I don't screw this up.

BarsandStars wrote:Do you have to do anything special before downloading the most recent NEON wallet or just DL and it automatically moves your NEO to the newest version wallet? I've never had to update a wallet before and want to make sure I don't screw this up.

I always 1) claim gas, 2) shut down NEON wallet, 3) download newest version of NEON wallet, 4) Open new wallet - which is automatically replaced.

Never had a problem, always works. You likely don't need to claim the gas either, it is just a habit I do before moving funds or shutting down out of habit.

BarsandStars wrote:Do you have to do anything special before downloading the most recent NEON wallet or just DL and it automatically moves your NEO to the newest version wallet? I've never had to update a wallet before and want to make sure I don't screw this up.

I always 1) claim gas, 2) shut down NEON wallet, 3) download newest version of NEON wallet, 4) Open new wallet - which is automatically replaced.

Never had a problem, always works. You likely don't need to claim the gas either, it is just a habit I do before moving funds or shutting down out of habit.

I do the same but don't claim gas before loading new version. When you sign in to the newer version of the neon wallet with your wallet password it loads like normal with NEO gas as it was.

More good news for NEO holders. If you hold NEO on 01MAR18, you will be getting some free ONT courtesy of the City of Zion. Holders receive 0.2 ONT for every 1 NEO they hold. Details here: https://neo.org/blog/details/3061

I expect the NEO price to continue to creep north as we reach this date. Not sure how exchanges will handle this drop so best to hold in your own wallet.

SilverDoge wrote:More good news for NEO holders. If you hold NEO on 01MAR18, you will be getting some free ONT courtesy of the City of Zion. Holders receive 0.2 ONT for every 1 NEO they hold. Details here: https://neo.org/blog/details/3061

I expect the NEO price to continue to creep north as we reach this date. Not sure how exchanges will handle this drop so best to hold in your own wallet.

KuCoin said they'll distribute it, I'm sure Binance will follow, and Bittrex will keep it (steal it) for themselves like they're doing to the millions of $$ of gas they've been accumulating.

PS, does anyone know bittrex neo wallet address, I want to see how much gas they're raking in.

BarsandStars wrote:Do you have to do anything special before downloading the most recent NEON wallet or just DL and it automatically moves your NEO to the newest version wallet? I've never had to update a wallet before and want to make sure I don't screw this up.

I always 1) claim gas, 2) shut down NEON wallet, 3) download newest version of NEON wallet, 4) Open new wallet - which is automatically replaced.

Never had a problem, always works. You likely don't need to claim the gas either, it is just a habit I do before moving funds or shutting down out of habit.

I normally have this experience. Just make sure to run the checksum to make sure you're downloading the right binary.

SilverDoge wrote:More good news for NEO holders. If you hold NEO on 01MAR18, you will be getting some free ONT courtesy of the City of Zion. Holders receive 0.2 ONT for every 1 NEO they hold. Details here: https://neo.org/blog/details/3061

I expect the NEO price to continue to creep north as we reach this date. Not sure how exchanges will handle this drop so best to hold in your own wallet.

ONT is one of the ones TC mentioned a while back along with WANchain and 1 more I can't recall.

SilverDoge wrote:More good news for NEO holders. If you hold NEO on 01MAR18, you will be getting some free ONT courtesy of the City of Zion. Holders receive 0.2 ONT for every 1 NEO they hold. Details here: https://neo.org/blog/details/3061

I expect the NEO price to continue to creep north as we reach this date. Not sure how exchanges will handle this drop so best to hold in your own wallet.